Newspaper publisher Johnston Press has posted a small year-on-year increase in revenues for the first four months of 2017 with national daily the i continuing to bolster its overall performance.
In a trading update issued ahead of Monday’s AGM, the company said revenues for the period 1 January to 30 April rose by 0.2pc compared with the same period in 2016.
Circulation revenues for the i rose by 23pc while circulation volumes for some of JP’s big city regionals also improved – although no percentage figures were given.
If revenues from the i are excluded from the overall figures, total revenues were down 12pc for the period.
The trading update stated: “Circulation volumes of key daily newspapers, The Scotsman and Yorkshire Post, continue to improve, while other large dailies have also seen some improvement, including the Sheffield Star, Yorkshire Evening Post and the Edinburgh Evening News
“The board notes that trading conditions for regional newspapers in the UK remain challenging and, while encouraged by improving trends across the group, the management team continues to take actions to manage its costs tightly.”
The company has also announced that Jamie Buchan, the former chief executive of the Southern Cross Healthcare Group, is joining the Board as a non-executive director, replacing Malaysia-based financier Ralph Marshall.
Mr Buchan is also executive chairman of Craigewan Ltd and a former chief executive of the London International Exhibition Centre.
Camilla Rhodes, Interim Chairman of Johnston Press, commented: “On behalf of the Board I am delighted to welcome Jamie Buchan to Johnston Press. His very considerable experience across a number of fields will be of great value to the Company.
“I would like to thank Ralph Marshall for the enormous contribution that he has made to the Board over the past nine years. We wish him well for the future.”